Revised Laws of Saint Lucia (2023)

PART IV
MANAGEMENT OF THE INSTITUTE

17.   Appointment and term of office of First Council

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   (1)   Notwithstanding article 18, the members of the first Council shall comprise—

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      (a)     two (2) members nominated by the Institute of Chartered Accountants of Antigua and Barbuda;

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      (b)     two (2) members nominated by the St Kitts and Nevis Association of Chartered Accountants;

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      (c)     two (2) members nominated by the Institute of Chartered Accountants of Saint Lucia; and

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      (d)     one (1) member nominated by the Eastern Caribbean Central Bank.

Provided that members who served as representatives of the Institutes listed herein, in the establishment of this Institute shall be appointed to serve on the First Council.

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   (2)   The members appointed under sub-article (1) shall hold office until the first Annual General Meeting of the Institute.

18.   Council and officers of the Institute

Subject to article 17, the Institute shall be governed by a Council which shall consist of not more than eleven (11) members comprised as follows—

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   (a)     one (1) member from each member state from among whom the offices of the President, Vice President, Secretary and Treasurer shall be elected, and

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   (b)     two (2) other members who shall be appointed by the President, prior to the First Meeting of the Council established in accordance with this article, on consultation with the members elected under paragraph (a).

19.   Functions of the officers

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   (1)   The President shall preside over all meetings of the Council and the General Meetings of the Institute.

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   (2)   The Vice-President shall, in the absence of the President, act as President and perform such duties as are conferred upon the President by this Agreement.

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   (3)   The Secretary shall keep a record of all transactions of the Institute and record the proceedings of the Council and the General Meetings in a minute book to be kept by him.

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   (4)   The Treasurer shall be responsible for the funds of the Institute, receive all fees and other monies paid to the Institute and issue receipts for monies received by him on behalf of the Institute.

20.   Committees

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   (1)   The Institute shall establish an Investigation Committee, a Disciplinary Committee, and such other Committees consisting of such member or members of its body as it thinks fit to assist it in the pursuance of its objectives under this Agreement.

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   (2)   The Council may delegate any of its powers to a Committee established under sub-article (1) and any such Committee shall exercise the powers so delegated in conformity with any rules that may be imposed on it by the Council.